What Is Internet of Things (IoT)? Here Is A Simple Explanation

Aug 07,2019 by Rahul Garg
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These days, living without the internet is unimaginable for people, especially ones that belong to ‘Generation Z.’ This is mainly because the internet has become the source that enables you to do several things like banking, shopping, etc. without leaving your comfort zone.

With time, the internet of things (IoT) has become a buzzword, so I wanted to learn its meaning but found some complex technical definitions, unfortunately. Ergo, I dug in further with the purpose of finding a simple explanation on IoT. Guess what, I succeeded in my goal … Now, I am going to share the gathered information with my readers just as a goodwill gesture. So, let’s roll:

The cost of broadband internet has reduced significantly, compared to charges a few years ago. In this day and age, most of the devices come with in-built Wi-Fi capabilities, which signals an enhanced level of internet connectivity. This sets a perfect platform for IoT.

What is Internet of Things (IoT)?        

To put it simply, things that can be connected to the internet are IoT (internet of things). In order to read this post, you must have some device, be it a desktop, smartphone, or tablet connected to the internet, right? This is what IoT does means: make things simple for you. It is the best possible example of IoT which I can give you right now!

Smart TVs, Fitbits etc. are one of the most common real-life internet of things examples. There is a great possibility of more appliances and wearables to come to the market in the near future and take the current level of IoT to the next one.           

I have rounded up some interesting statistics on IoT that will definitely act as an eye-opener for you, so pay heed:

  • There were around 15.4 billion connected devices in 2015, and this number will reach 26 billion in 2020, revealed by none than Gartner. And Intel’s projection says there will be 200 billion connected devices by 2020.
  • The demand for wearable devices will skyrocket in the future. In 2016, 28.3 million units were sold, and 82.5 million units will be sold by 2020. This is what IDC reports have revealed.
  • According to IDC, spending on the IoT across markets will reach $1.29 trillion by 2020.
  • As per General Electric, by 2030, IoT will improve worldwide GDP growth by adding $10 to $15 trillion.
  • On the word of ACT, the health care market will witness drastic changes owing to IoT, as there will be $117 billion worth of connected devices in 2020.

Read Also: How Does AI Help Hollywood Attain Success At The Box Office?

Does IoT Really Matter?

As I have already said, IoT is just making our life superb. When some device is connected to the internet, there is a process of information sharing takes places, which promises amazing outcomes.

Here, smartphones are a vivid example, as they ensure you can do certain tasks with perfection.

For instance, if you want to listen to a song which isn’t stored on your smartphone, what will you do? Go online and search for that particular song, right? Here, you need to pay more attention to understand the salience of IoT — when your smartphone is powered by the internet, it sends some info related to the song you want to listen to, and receives all the data to play your desired music. All this happens within a couple of seconds. And this is IoT for you, mate!             

There is a likelihood many fabulous things will happen in the future due to IoT. Say, for example, your alarm clock will wake you up and send a signal to your coffee maker to brew coffee for you. It sounds amazing, doesn’t it?   

In smart cities, IoT can do wonders like reducing the percentage of waste, suppressing the excessive consumption of electricity, and so on. This cannot be taken lightly because the city of Barcelona saves 37 million dollars a year owing to smart lighting, which is one of the major spinoffs of IoT.

Read Also: Expand To New Possibilities with IoT

Final Takeaway  

Well, the internet of things (IoT) is going to unlock several opportunities, which maybe we can’t think of right now. But one thing is certain: IoT is going to make things far easier than our expectations really soon.

As we know, every coin has two sides, and that means IoT can possibly have some disadvantages.  Security concerns are acting as a curse on the growth of IoT. Here is one write-up written by my friend, which will tell you about boon and bane of IoT: Internet of Things – A Boon, or a Bane for the Future?      

At the start, I promised to give a simple explanation of IoT. With the belief that I have served all the pertinent information according to my goal, I bid you a fond adieu. Thanks for reading!

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